H&R Block Midterm Test Answers Updated 2023- 2024 All Q&A
For 2017, what is the gross income filing requirement for a single taxpayer under the age of 65? A ----------- Correct Answer ---------- a) $10,400
- $11,950
- $20,800
- $23,300
Which of the following is unique to Form 1040EZ? D ----------- Correct Answer ---------- a) It is for single taxpayers only.
b) It is for taxpayers whose taxable income exceeds $100,000.
c) It is for taxpayers who are not claiming any credits.
d) It is for taxpayers who do not claim any dependents or adjustments to income.
Under what circumstances might a taxpayer who does not meet the federal filing requirement want to file a return anyway? A ----------- Correct Answer ---------- a) If there was any federal tax withheld or they are entitled to any refundable credits.
b) If there was any federal tax withheld or they are entitled to any nonrefundable credits.
c) To claim itemized deductions.
d) If there was any state tax withheld or they are entitled to any refundable credits
Which of the following is not one of the four requirements to claim a dependent? D ------- ---- Correct Answer ---------- a) The dependent must be a qualifying child or qualifying relative.
b) The dependent must be a U.S. citizen or a resident of the United States, Canada, or
Mexico.
c) If the dependent is married, they cannot be claimed as a dependent if they file a joint
return with their spouse.
d) The taxpayer must provide 100% of the dependent's support for the whole year.
What are the five tests for a qualifying child? B ----------- Correct Answer ---------- a) Relationship, citizenship, age, support, and joint return.
b) Relationship, residency, age, support, and joint return.
c) Marital status, residency, age, support, and joint return.
d) Relationship, residency, age, support, and type of income
What are the four tests for a qualifying relative? C ----------- Correct Answer ---------- a) Relationship or member of the household, gross income, support, and residency.
b) Relationship or member of the household, gross income, citizenship, and not a
qualifying child.
c) Relationship or member of the household, gross income, support, and not a
qualifying child. 1 / 2
d) Relationship or member of the household, gross income, support, and be a qualifying
child.
Which of the following is not counted as support? A ----------- Correct Answer ---------- a) Life insurance premiums.
b) Lodging.
c) Clothing.
d) Entertainment.
How much is the Child Tax Credit worth? A ----------- Correct Answer ---------- a) $1,000 per qualifying child.
- $3,000 per qualifying child.
- $4,050 per qualifying child.
- $5,000 per qualifying child.
Assuming all other requirements are met, how long may an eligible surviving spouse file as a qualifying widow(er)? B ----------- Correct Answer ---------- a) One year.
b) Two years.
c) Three years.
d) Five years.
Which form is required when a custodial parent releases their claim to the qualifying child exemption to a noncustodial parent? D ----------- Correct Answer ---------- a) Form 8453.
b) Form 8283.
c) Form 8867.
d) Form 8332
For 2017, what is the exemption amount for each qualifying child? C ----------- Correct Answer ---------- a) $1,000
- $3,050
- $4,050
- $6,350
For 2017, what is the standard deduction for the head of household filing status? C ------ ----- Correct Answer ---------- a) $4,050
- $6,350
- $9,350
- $12,700
Which of the following is considered earned income? C ----------- Correct Answer ---------
- Interest from a bank
b) Unemployment compensation
c) Income from farming
d) Gambling winnings
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